It appears to me that JPMorgan and their ilk have bought absolutely massive quantities of gold and silver in many different markets. Unfortunately, much of that buying has come as a result of the deliberate and successful manipulation of price in order to force others to sell. I don’t believe that is fair or even legal. Nevertheless the bloodless verdict of the market suggests we are going a lot higher [...]
kingworldnews.com / January 12, 2013
The following is without question one of the most remarkable and powerful pieces Michael Pento has ever written for King World News. He put together this piece exclusively for KWN to warn readers about the soaring money supply and a coming collapse of currency and bond markets. Pento also stated the gold and silver bull markets are “only just beginning.”
Here is Pento’s piece: “It should be clear to [...]
Insane quantities of govt. ammo purchases point to only one purpose
August 15, 2012
At the same time politicians in Washington are openly talking about banning online ammo sales to American citizens, the government itself is arming to the teeth.
And not in a military sense, either: The Department of Homeland Security is stockpiling insane quantities of anti-personnel “hollow-point” ammo of all calibers, including #00 tactical shotgun ammo, anti-personnel pistol rounds and [...]
Many pixels have been ‘spilled’ trying to comprehend what exactly JPMorgan were up to, where they are now, and what the response will likely end up becoming. Our note from last week appears, given the mainstream media’s ‘similar’ notes after it, to have struck a nerve with many as both sensible and fitting with the facts (and is well worth a read) but we have been asked again and again for a [...]
May 12, 2012
The human race is gravely threatened by out-of-control science that has already begun to reveal alarming unintended consequences across our planet. The Fukushima Daiichi nuclear power facility, for example, still contains massive quantities of stored nuclear fuel rods — 85 times the radiation of the Chernobyl catastrophe — and those rods are alarmingly vulnerable to an earthquake or repeat tsunami which could unleash another massive plume of radiation. [...]
May 11, 2012
The human race is gravely threatened by out-of-control science that has already begun to reveal alarming unintended consequences across our planet. The Fukushima Daiichi nuclear power facility, for example, still contains massive quantities of stored nuclear fuel rods — 85 times the radiation of the Chernobyl catastrophe — and those rods are alarmingly vulnerable to an earthquake or repeat tsunami which could unleash another massive plume [...]
Gold’s London AM fix this morning was USD 1,627.00, EUR 1,250.77, and GBP 1,008.99 per ounce. Friday’s AM fix was USD 1,629.50, EUR 1,240.20 and GBP 1,007.54 per ounce.
Silver is trading at $29.74/oz, €22.91/oz and £18.47/oz. Platinum is trading at $1,525.50/oz, palladium at $635.40/oz and rhodium at $1,350/oz.
Gold fell $3.70 or 0.23% in New York yesterday and closed at $1,638.70/oz. Gold started out sideways in Asia then gradually dropped lower [...]
by Charles Hugh Smith from Of Two Minds
Global Reality: Surplus Of Labor, Scarcity Of Paid Work
The industries that are increasing productivity do so by eliminating entire industries and entire job categories.
The global economy is facing a structural surplus of labor and a scarcity of paid work. Here is the critical backdrop for the global recession that is unfolding and the stated desire of central banks and states everywhere for “economic growth”: [...]
WASHINGTON (AP) – The Food and Drug Administration on Wednesday ordered farmers to limit the use of a type of antibiotics they give livestock because it could make people more resistant to a key antibiotic that can save lives, encouraging news for public health advocates who say such animal antibiotics are overused.
FDA officials have been clear in stating their belief that antibiotics given to animals before slaughter are linked to growing antibiotic [...]
For many commentators, gold is considered not only a constant store of value but, also, a barometer for the health of the global economic system and the currencies that pump through its veins.
For, John Embry, chief investment strategist at Sprott Asset Management, the current parabolic rise in prices, which have beat even his optimistic performance expectations this summer, is indicative of the unsustainable debt situation [...]
GEOFF CANDY:Â Welcome to this week’s edition of Mineweb.com’s Gold Weekly podcast.Â Joining me on the line is John Embry, Sprott Asset Management’s chief investment strategist. John I’ve been speaking to a number of commentators recently, trying to get a handle on what the global economy is going to look like in 2011 – how do you see things playing out?
JOHN EMBRY:Â It’s an [...]
by arpless tarpedo
#1 Corporate insiders are getting out of the U.S. stock market at an absolutely
blinding pace. It is being reported that the ratio of corporate insider selling
to corporate insider buying last week was 1,411 to 1, and this week the ratio
has soared even higher and is at 2,341 to 1.
#2 Many of the world’s wealthiest people are buying absolutely massive
quantities of gold right now.
#3 It is being reported that [...]